According to Royal Institution of Chartered Surveyors’ (RICS) South Africa country manager TC Chetty, the recent credit rating downgrades by global ratings agencies will negatively affect Africa’s two biggest economies – South Africa and Nigeria, and hit Africa’s overall economic growth. TC Chetty, South Africa country manager for the Royal Institution of Chartered Surveyors (RICS). […]
Tag: africa
African ports should pursue niche service instead of copying each other say global port experts
African governments have been challenged to identify unique opportunities which they can pursue for growth of their ports instead of engaging in duplicate expansion projects that do not add value to their competitiveness and growth. Speaking during the African Ports Expansion Conference in Mombasa, leading world port and maritime sector managers said that many of […]
Why Kenya remains attractive to investors
Kenya has in recent years topped the list of African countries that are most attractive to foreign investment. But with elections coming later this year and an increasingly unstable global economic outlook, the country’s risk profile has increased. The Business Daily spoke to Citibank’s head of investment banking for Africa, Miguel Azevedo, on the country’s […]
Corruption: Kagina battling bravely, but how sustainable are her heroics?
State structures in African countries are often inhabited by officials who rather line their pockets and please those above them than render a service to the public. In the second and last part of an investigation carried out in Uganda, Ghana and Nigeria, journalists ANAS AREMEYAW ANAS, THEOPHILUS ABBAH and BENON HERBERT OLUKA highlight how […]
Africa’s mobile revenue triple that of developed countries
CMA Holdings Investment says Africa’s mobile telephony revenue as a percentage of the continent’s gross domestic product (GDP) is three times the norm against developed countries. This comes as a study conducted by CMA Holdings showed Africa’s Internet contribution to the continent’s GDP can leap-frog to 11% from the current 1% for 2015. CMA Holdings […]
African countries can’t handle more than 3 telecom operators
There is going to be more consolidation in Africa’s mobile network business according to a new report by Moody’s Investors Service (MIS). Dion Bate, the Vice President and senior analyst at MIS’ Corporate Finance Group in South Africa said recently: “Not all countries are able to support a large number of operators, and smaller wireless […]
East Africa: EALA Urges Inclusive Investment Policies to prevent social unrest
The xenophobic violence currently taking place in South Africa could happen in East Africa if partner states don’t ensure inclusive policies to benefit citizens during the ongoing integration process, members of the East African Legislative Assembly (Eala) have warned. “South Africa is the most industrialised economy in Africa because of high investment levels but why […]
Euronews extends African reach ahead of new channel debut
News channel Euronews has extended its reach in Lusophone Africa thanks to a new agreement with South Africa-based pay TV provider DStv, and has launched a programming strand on the Ouest TV channel in Francophone Africa. The latest deals come ahead of Euronews’ planned launch of Africanews , a dedicated multilingual pan-African news channel later […]
Low oil price may hinder African exploration projects
Oil and gas explorers may need to rethink their capital expenditure on activities conducted in Africa as the oil price continues to weaken. Low oil price may affect African projects. PHOTO: Accountingclub.ca This is according to the latest analysis on the oil and gas industry released by professional services network, PWC. “Oil and gas explorers […]
Great Lakes region must unite to stamp out armed groups in DR Congo, urges UN envoy
The main road in Beni, eastern Democratic Republic of the Congo (DRC). Photo: IRIN/Jessica Hatcher 5 February 2015 – Countries must come together to “neutralize all negative forces” terrorizing the population in eastern Democratic Republic of the Congo (DRC), the United Nations Special Envoy for the Great Lakes Region urged today following meetings with top […]
